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Is this message board really powerful enough to cause a significant rise or fall in the share price? I would have thought the current share price is due to the sound financial performance and the possibility of takeover interest.
Do you mean the character on here who announces he's sold somehow every few weeks magically at the top each time? Makes me laugh, watch if this hits 90 he'll say he's sold again.
Clearly all the panicking weak hands are not shaken out yet ,.
Some people think that by just posting a comment and not actually researching a company, they can get the share price down!!!! Anyone who had I million shares in vertu would know exactly why they had 1 million shares in vertu. Yes it might drop a little......but!
Idiot!!!!!
Rise is news driven and looks steeper than last few , my target was 85p or 115p based on charting , but starting to think your clear exit point may be correct , does not help having 1m plus shares in this and broker ringing twice a day suggesting I am overweight here .
Gla
Sold to early with today's hindsight below 7.30am RNS started the rise .
Some funny business with company house records falsely altered on directors resigning was yesterdays news .
Sticking to a preset target maybe not as good as waiting for top.
Today's news feed into takeover rumors
Vertu Motors PLC, up 6.7% at 83.66 pence, 12-month range 45.00p-84.22p. The stock rises after a regulatory filing shows car-buying website operator Cinch has lifted its stake in Vertu. Cinch now has a 4.2% stake in the Gateshead, England-based car dealership chain, lifted from 3.1%. The stock hits this 52-week high on Thursday.
Bought more this morning still sitting pretty with 57p average. Wish I had more in but then it probably would have gone the over the way :) Just waiting for the bidding war to commence, the BOD is astute, share buybacks all year have not happened for any reason imo
Making a new high time to buy not sell I think
Sold remainder of shares here for 83p on today's 6% rise.
Reached a target I set on first sale 12th of last month .
Would not of thought of a profit on this gamble 20th March 2020 ( Covid low ) fell to 18p
Two months after my purchase looked a bad pick at 41p June 2016.
Its about time if God gives you it.
Best of luck to new buyers , I know nothing about direction of share price .
No more likely a US network or private equity as with Pendragon or Lookers
I doubt Cinch will be the acquirer tho. For once we might see a bidding war for a U.K. listed entity. Too often companies are being stolen on the cheap for low premium. I think Vertu warrants a 70% premium based on current market cap
I can't think of any other UK stock right now that looks more primed than this to receive a takeover attempt
Entering the end game here
RNS today showed Cinch has taken a 5%+ holding. Interesting!!
Potentially planning to put in a bid. Would make sense in some ways. Great footprint to showcase cars. Thoughts?
Some massive trades yesterday afternoon , on buy side ,
Don’t think I will get my top up
Price seems to be settling down again after media hype over a possible takeover , I prefer this not to be taken over any buyer will be getting this on the cheap . Good to see vtu recommence share buying .
Gla
Agree, Hedin will make a nice profit on their holding in Pendragon which could be used to finance a purchase of Vertu. This might just play out as you suggest, the increase in Vertu’s share price certainly looks promising.
The other player to watch is Hedin who owned about a third of Pendragon. They will end up with a massive chunk of cash from that sale, and we know they wanted to expand their presence in the UK with their ultimately unsuccessful offer for Pendragon. Plus their bid was supported by further cash via a private equity firm. Vertu looks like a bit of an open goal for either Autonation or Hedin.
Comment from Car Dealer this evening suggests that Autonation may turn their attention to Vertu which still offers good value. Additionally Vertu owns some valuable assets.
Autonation, this evening, pulls out of bidding for Pendragon. Hopefully they will turn their attention to Vertu.
Seems to have some momentum here. Speculative buying or insider knowledge. Hopefully a bid coming soon.
I bought some on 14th and again on 29th April 2016 for 58p
Sliced the top up today for 79p target has been 75p for months .
Made approx 36% but have had to wait 71/2 years .
In that time saw them fall to 41p soon after June 2016 then to 18p 20th March 2020 ( Covid low )
Pi world pumping it recently I see.
Some weeds do become flowers.
If you get the time TYJ .
Vertu Motors CEO, Robert Forrester and CFO, Karen Anderson present interim results for the six months ended 31 August 2023. The group saw record revenues, year-on-year profit and dividend growth.
Watch the video here: https://www.piworld.co.uk/company-videos/vertu-motors-vtu-interim-results-presentation-october-23/
Or listen to the podcast here: https://piworld.podbean.com/e/vertu-motors-vtu-interim-results-presentation-october-23/
Hope price drops to low 60s not got full position yet . Good set of result and increase in divvy .
Gla
Nice big strong buy to close week .